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Changes over time for: Section 81


Timeline of Changes
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Status:
Point in time view as at 27/04/2017.
Changes to legislation:
There are currently no known outstanding effects for the Proceeds of Crime Act 2002, Section 81.

Changes to Legislation
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[81 Value of tainted giftsE+W
This section has no associated Explanatory Notes
(1)The value at any time (the material time) of a tainted gift is the greater of the following—
(a)the value (at the time of the gift) of the property given, adjusted to take account of later changes in the value of money;
(b)the value (at the material time) of the property found under subsection (2).
(2)The property found under this subsection is as follows—
(a)if the recipient holds the property given, the property found under this subsection is that property;
(b)if the recipient holds no part of the property given, the property found under this subsection is any property which directly or indirectly represents it in his hands;
(c)if the recipient holds part of the property given, the property found under this subsection is that part and any property which directly or indirectly represents the other part in his hands.
(3)The references in subsection (1)(a) and (b) to the value are to the value found in accordance with section 79.]
Textual Amendments
Modifications etc. (not altering text)
Commencement Information
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